RCI Hospitality (NASDAQ:RICK) Earns “Buy” Rating from HC Wainwright

HC Wainwright reissued their buy rating on shares of RCI Hospitality (NASDAQ:RICK) in a report released on Wednesday,Benzinga reports. HC Wainwright currently has a $98.00 target price on the restaurant operator’s stock.

Separately, StockNews.com upgraded shares of RCI Hospitality from a “hold” rating to a “buy” rating in a research report on Monday, October 7th.

RCI Hospitality Stock Up 0.2 %

RICK stock opened at $49.45 on Wednesday. RCI Hospitality has a 52 week low of $37.61 and a 52 week high of $69.40. The company has a market capitalization of $445.05 million, a price-to-earnings ratio of 95.10 and a beta of 1.56. The firm’s 50-day moving average is $43.94 and its two-hundred day moving average is $45.24. The company has a current ratio of 0.90, a quick ratio of 0.82 and a debt-to-equity ratio of 0.80.

RCI Hospitality (NASDAQ:RICK) last announced its quarterly earnings data on Thursday, August 8th. The restaurant operator reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($1.27). The business had revenue of $76.18 million during the quarter, compared to analyst estimates of $72.79 million. RCI Hospitality had a return on equity of 1.76% and a net margin of 1.67%. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. On average, analysts forecast that RCI Hospitality will post 0.66 earnings per share for the current fiscal year.

RCI Hospitality Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, September 16th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Monday, September 16th. This is an increase from RCI Hospitality’s previous quarterly dividend of $0.06. RCI Hospitality’s dividend payout ratio is presently 53.85%.

Institutional Investors Weigh In On RCI Hospitality

Several large investors have recently made changes to their positions in RICK. Quest Partners LLC acquired a new stake in shares of RCI Hospitality in the 3rd quarter valued at approximately $29,000. Copeland Capital Management LLC acquired a new stake in shares of RCI Hospitality in the 3rd quarter valued at approximately $54,000. Victory Capital Management Inc. acquired a new stake in shares of RCI Hospitality in the 2nd quarter valued at approximately $76,000. Point72 Asset Management L.P. acquired a new stake in shares of RCI Hospitality in the 2nd quarter valued at approximately $88,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of RCI Hospitality in the 2nd quarter valued at approximately $175,000. Institutional investors and hedge funds own 53.82% of the company’s stock.

RCI Hospitality Company Profile

RCI Hospitality Holdings, Inc, through its subsidiaries, engages in the hospitality and related businesses in the United States. It operates in Nightclubs, Bombshells, and Media Group segments. The company’s wholly-owned subsidiaries own and/or operates upscale adult nightclubs serving primarily businessmen and professionals under the Rick's Cabaret, Jaguars Club, Tootsie's Cabaret, XTC Cabaret, Club Onyx, Hoops Cabaret and Sports Bar, Scarlett's Cabaret, Temptations Adult Cabaret, Foxy's Cabaret, Vivid Cabaret, Downtown Cabaret, Cabaret East, The Seville, Silver City Cabaret, and Kappa Men's Club.